Global Guide on Redundancies

The currently volatile political and economic situation across the globe is prompting many multinational businesses to review their workforce strategies. If employer surveys are to be believed, many businesses are planning to cut jobs over the next 12 months as a means of managing rising costs and coping with the current uncertainty, with certain sectors more likely to be impacted than others. Similarly, businesses are actively choosing to exit or reduce operations in jurisdictions which are heavily regulated such that the cost of compliance is high. Further job losses are also expected as the unstoppable rise of artificial intelligence (AI) means that more tasks are being automated. For this reason, we have prepared this latest global guide with the aim of answering the key questions that multinational businesses are likely to have when considering and/or implementing redundancies in specific jurisdictions, and to assist in their strategic planning.